Customer is looking for experienced actuarial profiles in the ongoing Illustration Modernization initiative. The resources would analyze the existing actuarial calculation processes and part of the modernization programs. This role is for an experienced consultant with deep expertise in insurance quoting and insurance products responsible for advising business and technology stakeholders on optimized solutions that enhance quoting accuracy streamline product configuration
Responsibilities
candidate must have -
• Actuarial skills having around 10+ years of experience.
• Expertise building calculations in Excel spreadsheet.
• Experience on US Life Insurance products.
• Experience on new business and/or Illustrations .
• Lead end to end consulting engagements in the insurance domain by analyzing business objectives and translating them into robust quoting and product configuration solutions that improve operational efficiency and customer satisfaction.
• Drive detailed assessments of existing insurance quoting workflows and systems to identify gaps inefficiencies and risks then recommend targeted improvements that reduce cycle time and enhance quote accuracy.
• Provide comprehensive guidance on insurance product structures rating logic underwriting rules and policy lifecycle processes to ensure that solution designs align with regulatory obligations and market expectations.
• Collaborate closely with business stakeholders and technical teams in a hybrid work model to elicit requirements validate solution options and ensure that insurance quoting and product changes are fully understood and correctly implemented.
• Develop transparent functional specifications and process maps for new or enhanced insurance products and quoting capabilities enabling implementation teams to configure systems consistently and maintain data integrity.
• Oversee configuration and testing of insurance quoting functionalities in core platforms by defining test scenarios reviewing res